Tuesday, January 20, 2009
Saturday, January 17, 2009
When I am out driving somewhere in unknown territory and I come to a fork in the road, and I take the road to the left and it turns out to be a dead end, and I take the road to the right and it turns out to be a dead end, then unless I give up going anywhere, will I not turn back to the last previous fork or junction and look for any other road than the one I just came down?
La Reja, Argentina
Saturday, January 10, 2009
Eleison Comments LXXIX
However, my own best understanding, from the commentators who make the most sense to me, is that a major catastrophe is on its way, which will go way beyond mere finance and economics. The best commentators see what stands to reason, namely that if the problem is deep and human, its roots are moral and, ultimately, religious. Let us back up with one commentator from today’s effects to yesterday’s causes (within the USA) :
Regulators and financial institutions “woke up too late” to the collapse of a pyramid of debt, partly because in its last stage it had been too profitable to them. In this last stage “liar loans” in the form of SIVs (Structured Investment Vehicles) had been invented to deal with borrowers on housing not repaying their debts. SIVs did this by packaging good mortgages with bad, and selling the packages as “investments” to gullible investors who did not do their homework. Everything seemed good until housing values fell, as they were bound inevitably to do. Then borrowers repudiated their debts, confidence cratered, investors and huge financial institutions were bankrupted, from the USA outwards to much of the rest of the world.
And why had housing in particular brought down the house of cards ? Because housing, second most important part of the whole US economy, had become an investment as well as a home, and collateral for house “owners” to take out still further loans. Moreover since the 1970s, the US government had been subsidising mortgages for people normally unfit to borrow (but who vote!), and it had been bullying lenders to make loans according to “equality” and not according to their better judgment.
Further back still, the government had set households the example (taught by the Englander John Maynard Keynes – “Tomorrow we are all dead anyway”) of living beyond one’s means, as though endless borrowing could ensure an endless increase of prosperity. Financial responsibility was made to seem a thing of the past. Such reckless behavior on the part of the government had been greatly facilitated by the disastrous founding in 1913 of the private bankers’ Federal Reserve, enabling the government, amongst other things, to rob the mass of citizens without their realizing it, by means of inflation – five cents then bought what only a dollar can buy now. But let us make no mistake – broadly speaking, citizens have from God the governments they deserve, especially when they are convinced that their government is “democratic”. Kyrie eleison.
If the rolling crash of finance and economics will help to pull families together and even impose some hunger, it will be a blessing, a blessing in disguise maybe, but still a blessing, if one listens to what a family physician practising medicine in the Eastern United States has to say about the current state of his patients. Here are a few of his observations (more may appear in an upcoming issue of the “Angelus”) :
“There is a war on fertility taking place. A soft eugenic war (choosing who lives) is being waged against the American people, according to a Fabian program of gradualism and incrementalism, to get rid of social problems, e.g. poverty and old age, by getting rid of the people! Contaminated food and water serve in this war. Also anti-depressant pills, all of which stop the reproductive function. Sperm counts are way down.
“Our food is no good, and people know it. The more natural diet of poor people is healthier than that of the well-to-do. When deer face a choice between natural corn and manipulated corn, they make straight for the natural corn! Hispanics and blacks still have some common sense, but the disintegration of the family amongst the white people is causing a loneliness, loneliness, loneliness, which is pushing them to eat their unnatural food for comfort. Cases of diabetes have doubled in the last ten years. Recently I had in my office a 14-year old weighing in at 393 lbs ! And youngsters like him are more and more common. People are overfed yet undernourished. Children fed like they are being fed today will not live. Drugs like Ritalin only calm them down externally because they stimulate them internally. Modern pills are dangerous, liable to upset people’s brain-chemistry for ever, like in the Soviet Gulag. As a patient said to me recently, ‘I just don’t feel right any more’.
“But the genocide is not only physical. People are being deprived of their faith as of their nutrition. The slow, rich, Catholic culture is going, going, gone, to be replaced by a toxic Protestant anti-culture, pushing frenetic parents, for instance, to orchestrate their children’s lives at such a fast pace that they cannot grow normally, and their attention span is destroyed. People are profoundly out-matched by this anti-culture. They do not stand a chance. They cannot listen any more. They can only believe what they see on television. They are despondent, but it is tough for anyone like me to go up against what is supposed to be “science” in the attention-deficit culture.
The Novus Ordo religion is no help because it is part of the problem! It is saturated in female hormones, and has nothing with which to go up against the anti-culture. I completely understand that to get through to the modern world, Heaven may need to resort to a miraculous world-wide Warning, such as we were told of at Garabandal in the 1960s. Such a warning fits the condition of my patients like a key fits a lock.” End of doctor’s quote.
Come, crash ! Come, Warning ! Come, Lord Jesus ! (Apoc. XXII, 20) Kyrie eleison.